A trust just formed and apply for Pan, trsutee wanted to apply for 12AA but the cost of is to high ,my question is if Trust is without 12AA then what is the taxable liablities if their Recipits is RS 10 lakh And total Expenditure is Rs 7 lakh
Can A trust perfformed their activites without 12AA
how ? 300000 is net income which are higher the 250000
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